Innoviti FY26 revenue from operations down around 17%
Innoviti's net loss narrowed by 57% to Rs 26.7 crore in FY26 from Rs 62.1 crore in the previous fiscal.
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Bessemer Venture Partners-backed digital payments startup Innoviti reported a 16.7% decline in revenue from operations to Rs 118.9 crore in FY26 from Rs 142.6 crore in FY25.
Innoviti's net loss narrowed by 57% to Rs 26.7 crore in FY26 from Rs 62.1 crore in the previous fiscal, according to an Inc42 report based on filings with the Ministry of Corporate Affairs (MCA).
The startup's total expenses declined 28% to Rs 148.9 crore during FY26 compared to Rs 206.6 crore in FY25.
Employee benefit expenses fell 11.7% to Rs 38 crore in FY26 from Rs 43.1 crore in the previous financial year.
Founded by Rajeev Agrawal and Amrita Malik, Innoviti offers payment and merchant commerce solutions through products such as Innoviti Genie, Innoviti Unipay and Innoviti Link.
The startup has raised more than $115 million from investors including Bessemer Venture Partners, Catamaran Ventures, Alumni Ventures and FMO. Most recently, it raised $11.4 million in a Series M funding round in February 2026.
In recent developments, Innoviti received RBI authorisation to operate as a payment aggregator for both online and offline payments earlier this year. The company has also reiterated plans to launch an IPO, although it is yet to initiate the public listing process.